Tata Motors Limited : Split announcement

Tata Motors Limited has informed the share market (BSE/NSE) that the Board of Directors of the Company has approved sub-division of the equity share of Rs 10 each into 5 equity shares of Rs 2 each at a meeting held on 26th May 2011. This will be approved by the share holders in forthcoming AGM. The date for the same will be announced soon. Tata Motors Limited’s principal activities are to manufacture and market Heavy, Medium and Light Commercial Vehicles, Utility Vehicles and Passenger cars.

Earlier in the year 1996, the company had sub-divided its shares into 1:10 ratio. That time its face value was Rs 100 per share and after split its became Rs 10 per share.